The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1887-03-17
m. Rallreea 8, rnenasville.


+ The committee having in hand the 90
Letting of subscriptions in lands and
money to the construction Of the road
bed from Tallahassee TO the Georgia State
line, have been actively at work since the
public meeting on the I'd instant. when
the proposition of the Plant Investment
Company was submitted to the people Of
Leon county, and have met with most
satisfactory results in certain localities OF
the county. The amount of subscriptions
in lands at just valuations and in money
notes already amounts to something over
three-fifths of the whole amount, say $780,
900, necessary to be raised, and have en-.
couraging prospects of being able at an
early day to secure the balance, as there
are yet large number of persons in the
county to be seen, and many who have
already subscribed generously offer to
double their donations if necessary.
Those of our citizens who have been
making subscriptions in money instead
of lands have in every instance promptly
executed their written obligations and
| deposited the same with the the canvass
ing committee; but some embarrassment
is beginning to be felt by these gentlemen
in the delay attending the execution and
delivery of the deeds to lands donated.
1t has been suggested that we urge the
Importance of promptness in this matter
upon those who have as yet failed to COM
f'l'ts their public spirited purpose by max
ing out their deeds and depositing them
with the trustees as provided for by the
resolution adopted at the mass meeting
on the I'd instant.
The proposition of the Plant Invest
ment Company to the people of Leon Is
purely business one, and can be dealt with
only in thoroughly business way, and it
may be well to again state it. 1t is in
substance-that if the people Of Leon
county will subscribe in lands at fairly
assessed values, and in written money OBJ
legations, a sum sufficient to cover the
cost of grading and cross-tying a road
bed from Tallahassee to the Georgia
State line, over such route as the railway
company may determine upon, then the
said company will obligate itself to put
its engineers promptly in the field, survey
and select the route, and construct, equip
and operate the same from Tallahassee to
Thomasville, Ga, on or before the first
day of May, 1889.
1t will be observed that this PROPOSE
ton involves first the assurance from
Leon county that the necessary amount
of land and money has been subscribed
as condition precedent to the rail-
way company's even beginning its
part Of the undertaking, by surveying
and selecting the route; and the gentle
men constituting.the canvassing commit
tee, whose business it is to raise the fund
and give the railway company an dssur-
ance of its forthcoming, cannot possibly
do SO until the sum is actually subscribed.
With them mere verbal promise to sub
scribe is an intangible nothing, however
earnestly made. They must have the
legally binding obligation of the contrib.
utors in hand to enable them to commit
themselves in the premises. The only
binding pledge of real estate that the
law recognizes is the execution under
seal, before witnesses, of a written under
taking clearly defining by recognized
metes and bounds the realty in question.
Until this is done IN legal form the COM
mittee are unable to treat further with
the railway company.
To entirely protect the contributors,
however, the resolution adopted at the
mass meeting of our citizens in Tallahas-
see on the I'd instant, provides that these
conveyances of land and obligations for
money shall be deposited with Messrs
B. c. Lewis & Sons, bankers, Of Talla
hassee, who shall hold the same in trust,
and If the Plant Investment Company
shall haze constructed, equipped and put
IN operation a line of standard gauge
railroad from Tallahassee to Thomas
vile, Ga, on or before the first day of
May, A. d. 1888, then and solely upon
that condition. the said trustees shall
surrender the deeds and notes in question
to the said company, otherwise the said
obligations shall become null and void,
and be by the said trustees returned
to the several contributors executing
them. Nobody is to actually pay cent
until the road is an established fact, but
before it can even be begun every deed
and note must be executed in proper L.
gal form and deposited with the Trustees.
The committee now earnestly invite
every subscriber to act promptly in the
premises, and to facilitate matters, and
secure strict compliance with all the
legal forms and requirements attending
the proper execution of land deeds, the
committee have provided printed forms
of conveyance, embodying all the several
conditions and provisors which enter into
the agreement and have obtai ned the as
sistance of an attorney to supervise the
proper execution of the same. r. G.
| LONG Es0 will ha f0uni daily on ond